DIY
French DIY company Bricorama will not sell Gamma’s Belgian and Dutch stores. There was a longstanding rumour to that nature, but the company has now refuted those claims.
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DIY group Kingfisher has experienced yet another disappoiting quarter: the British-French group suffered setbacks in both its home markets and the restructuring plan is also weighing down its results.
Swiss sanitation specialist Geberit has had a disappointing first semester of 2017, in which its profit dropped about 20 %. Turnover also slumped, but only slightly.
Irish group CRH, which owns nearly 50 % of DIY Intergamma’s shares, wants to sell those shares, but the other shareholders cannot find an appropriate solution.
Belgian’s largest cooperative in tools, hardware and DIY, Menouquin, will join German Hagebau, a move designed to help Menouquin grow.
British DIY giant Kingfisher will have mixed feelings about its second quarter: its British subsidiaries performed very well, while the French chains' turnover dropped.
DIY group Maxeda cannot seem to get rid of Praxis, Formido and Brico. Now, several funds who are known for their harsh reorganizations are intervening.
Only a few days after the announcement CEO Roel van Neerbos would leave the Dutch Maxeda DIY Group's new CEO, it is revealed that group director Roy van Keulen will leave the group as well.
Dutch DIY chain Maxeda, which owns chains like Praxis, Formido, Brico and Plan-It, has confirmed the appointment of Frenchman Guy Colleau as its new CEO. He will start on 1 May.
Home Depot, America's largest DIY chain, has just published quarterly results that were better than expected, thanks to the recovering housing market and the unusual warm weather for the time of the year.
British DIY group Kingfisher has major plans to boost its profit over the next 5 years. It will invest 800 million pounds (1.05 billion euro) to bring all of its brands together under one roof.
